Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$415,568$415,568$504,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$88,432$0
Funding fee$0$0$0
Note rate6.08%6.08%7.18%
Blended rate6.63%7.046%7.42%
1st payment$2,574.36$2,574.36$3,414.27
2nd payment$0.00$663.24$0.00
Taxes / mo$91.50$91.50$91.50
Insurance / mo$166.67$166.67$166.67
MI / mo$195.12$195.12$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,027.65$3,690.88$3,773.24
Cash to close$144,432$56,000$56,000